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a lot of risk-return decisions are occasionally referred to colloquially as "gambling."[fifty two] irrespective of whether this terminology is appropriate is actually a make any difference of debate:
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Preference for likely results. When gambles are chosen by way of a decision procedure – when folks indicate which gamble they prefer from the list of gambles (e.g., earn/get rid of, in excess of/below) – people have a tendency to prefer to bet on the outcome that may be much more more likely to take place.
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